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REAL ESTATE

Jumeirah eyes big Saudi mega-projects developments
January 27, 2020

Leading hospitality and leisure group Jumeirah is planning big developments in Saudi Arabia’s 'mega-projects' - the $500-billion Neom metropolis and the Red Sea project, said its top official.

“We must be in those locations, but I want to make sure we get the right ‘address’."...

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Hasaad Real Estate signs hotel deal with Millennium
January 26, 2020

Millennium Hotels & Resorts Middle East has announced the signing of its first Millennium Central property in Saudi Arabia in partnership with Hasaad Real Estate, on stage at the Saudi Arabia Hospitality Investment Conference (SHIC), held in Riyadh from January 21-22.

Following the opening of the first Millennium Central hotel in Downtown Dubai just six months ago, Millennium Central Jeddah will mark the brand’s debut in Saudi Arabia and is"...

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Saudi housing minister hands over new Riyadh units to tenants in Sakani program
January 26, 2020

RIYADH: Housing Minister Majid Al-Hogail on Saturday handed over housing units to beneficiaries of the Sakani program, as part of the first phase of the Diyar Al-Saad housing project in the residential suburb of Al-Jawan in northern Riyadh.

Diyar Al-Saad is a Housing Ministry project implemented in partnership with the private sector, and can accommodate more than 100,000 people. It is"...

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SRC signs SR250 million refinancing deal with Bank AlJazira
January 25, 2020

RIYADH — The Saudi Real Estate Refinance Company (SRC), a subsidiary of the Public Investment Fund (PIF), announced Thursday that it has signed a mortgage portfolio acquisition agreement with Bank AlJazira, in the presence of the Minister of Housing and Chairman of SRC Majed AlHogail.

SRC will refinance SR250 million of mortgage receivables with the bank, with subsequent anticipated transactions in the future under the Memorandum of Understanding"...

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Major waste management project for Eastern Province
January 23, 2020

The National Waste Management Center (NWMC), Eastern Province Municipality and the Saudi Investment Recycling Company (SIRC), a wholly-owned subsidiary of the Public Investment Fund (PIF), have signed a tripartite memorandum of understanding (MoU) to start integrated waste management and waste recycling activities in the Eastern Province.

The"...

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SWPC issues RFP to bidders for Jubail-3B plant
January 23, 2020

Saudi Water Partnership Company (SWPC) has announced that request for proposals (RFP) for the Jubail- 3B independent water project (IWP) has been issued to the qualified bidders.

The project will have a total capacity of 570,000 cu m/day and the technology to be used in the project will be reverse osmosis (RO).

"...

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EOIs invited for Buraydah, Tabuk ISTPs
January 21, 2020

Saudi Water Partnership Company (SWPC) has launched a programme to commission a further round of new independent sewage treatment plants (ISTPs) and has invited expressions of interest (EOIs) for the development of two new ISTPs at Buraydah and Tabuk.

The Buraydah 2 ISTP will have a total treatment capacity"...

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Ministers, industry leaders to speak at railway forum
January 21, 2020

The 2020 Railway Forum in Riyadh will be addressed by ministers, leaders and influential figures in the transport industry from various countries around the world.

The forum, under the patronage of King Salman bin Abdulaziz Al-Saud, will be organised by the Saudi Railway Company (SAR), in cooperation with the"...

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Fahd Al-Rasheed named President of Royal Commission for Riyadh
January 21, 2020

Saudi Arabia’s King Salman bin Abdul Aziz Al Saud has appointed Fahd Abdulmohsan Al-Rasheed as President of the Royal Commission for Riyadh City (RCRC), following his appointment in 2018 as Advisor at the Royal Court.

Al-Rasheed’s career has featured various leadership roles in key Saudi public and"...

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Arzan Wealth Achieves Successful Exit of a Class A Office Building In The Netherlands
January 20, 2020

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has successfully advised its client on the sale of a Class A office building in the Hague, The Netherlands, achieving strong returns for investors.

The property was built in 2000 and serves as the headquarters of the Netherlands"...

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